Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Coming Soon: Withdraw Prepaid Debit Cards From The Nearest ATM

Saturday, June 22, 2013 - 2:00 PM
You'll continue to be able to withdraw cash, of course, but prepaid debit cards will also be an option for your withdrawal. 

From Consumer Reports via Consumerist:
What if ATMs dispensed prepaid debit cards? This seems like a terrible and counter-intuitive idea to us, but it’s real. You can already make your withdrawal in card form at a few credit unions in Washington, D.C. and Arizona, and more big banks are prepping to introduce the technology to their ATMs soon.

Read more
pearlbrownpearlbrown1,469 posts since
Nov 2, 2010
Rep Points: 6,380
1. Saturday, June 22, 2013 - 2:06 PM
Well, one disadvantage that I bet will apply: ATM fees. I currently use my ATM card from my credit union only at ATM machines that are free for me to use, which are all over everywhere, including at all the 7-Eleven stores. But I'll bet I won't be able to withdraw with a prepaid card withoiut paying a hefty fee. It might be convenient, but it won't be cheap. It won't quite be the same.
me1004me1004373 posts since
Jan 16, 2010
Rep Points: 2,597